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Chijet Motor Company Reports Key Warrant Amendments – February 2025 Insights

$CJET
Form 6-K
Filed on: 2025-02-14
Source
Chijet Motor Company Reports Key Warrant Amendments – February 2025 Insights

Here are the key insights from the provided section of the financial report (Form 6-K) for Chijet Motor Company, Inc.:

  1. Company Information:
  • Name: Chijet Motor Company, Inc.
  • Location: No. 8, Beijing South Road Economic & Technological Development Zone, Yantai, Shandong, CN-37 264006, People's Republic of China.
  • Commission File Number: 001-41712.
  1. Report Date:
  • This report is for the month of February 2025.
  1. Warrant Amendments:
  • On February 11, 2025, Chijet Motor Company amended certain warrants that allow investors to purchase up to 5,035,716 ordinary shares of the Company.
  • Key amendments include:
    • The removal of a six-month restriction on the cashless exercise right of the warrants.
    • Changes to the manner of delivery of ordinary shares upon exercise to book entry form.
    • Acknowledgment that the investors are entitled to receive class A ordinary shares with a par value of $0.003 per share upon exercising the warrants.
  1. Exhibit Reference:
  • The details of the amendments are qualified by reference to the amendment form filed as Exhibit 10.1 in the report.
  1. Signatory Information:
  • The report is signed by Dongchun Fan, who is the Chief Financial Officer of Chijet Motor Company, Inc., dated February 14, 2025.

This report highlights significant changes in the terms of the company's warrants that may impact its equity structure and investor relations. The removal of restrictions could potentially encourage greater investor participation by making it easier to exercise warrants.